Quarterly Result30 Oct 2026, 11:23 am
Smartworks Raises FY27 Revenue Guidance to 33-35%
AI Summary
Smartworks Coworking Spaces Ltd announced strong Q2 FY27 results, with revenue from operations growing 39% year-on-year to ₹591 crore. Normalised EBITDA rose 68% to ₹117 crore, and normalised profit after tax more than doubled to ₹43.4 crore. The company has raised its FY27 revenue growth guidance to 33-35% from 28-30% due to sustained enterprise demand and a growing pipeline of large deals. Contracted rental revenue increased to approximately ₹5,800 crore. The total footprint reached 17.5 million sq. ft. across 71 centres, with significant expansion plans for H2 FY27.
Key Highlights
- Revenue grew 39% YoY to ₹591 crore in Q2 FY27.
- Normalised EBITDA increased 68% YoY to ₹117 crore.
- FY27 revenue growth guidance revised to 33-35%.
- Contracted rental revenue stands at ~₹5,800 crore.
- Total footprint expands to 17.5 million sq. ft. across 71 centres.
Price Impact
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